Volatility

The United Kingdom’s decision to leave the European Union rattled equities markets and currency markets Friday. What should an investor do in its wake? Perhaps nothing at all. The Brexit is definitely momentous. It represents a crisis for the E.U., and it has already forced the resignation of U.K. Prime Minister David Cameron. The U.K. will have to negotiate new trade agreements in the near future. Scotland and Northern Ireland (both of which voted against

Happy New Year? I’m hopeful your holidays were filled with a little more joy and cheer than what we have been seeing in the market lately. The stock market has wavered recently. A lackluster year just ended, and this year has started inauspiciously. You may be wondering ... should you really be invested in stocks right now? In moments like these, investors should not panic and overreact to the headlines. Instead, they should take the

As you read this letter, we’ve been experiencing something that hasn’t occurred on Wall Street since 2011 – a stock market correction. Corrections are unsettling, yes – and they are also part of any ordinary bull market. Historically, they have occurred about every 18 months. This current bull is extraordinary – the S&P 500 has sailed along without a correction since October 2011 – the third longest interval without a correction in the past 50